Stock Buzz: Bloomin’ Brands (NASDAQ: BLMN)

Bull market

On Friday, Shares of Bloomin’ Brands (NASDAQ: BLMN) showed the bullish trend with a higher momentum of 0.51% to $19.76. The company traded total volume of 741,549 shares as contrast to its average volume of 1.40M shares. The company has a market value of $1.81B and about 91.58M shares outstanding.

Bloomin’ Brands Inc. (BLMN) stated fourth-quarter profit of $10.90M. The Tampa, Florida-based company said it had profit of 12 cents per share. Earnings, adjusted for one-time gains and costs, came to 30 cents per share. The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 27 cents per share.

The owner of Outback Steakhouse and other casual dining spots posted revenue of $1.010B in the period, matching Street forecasts.

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For the year, the company stated profit of $107.10M, or $1.14 per share. Revenue was stated as $4.130B. The company anticipates full-year earnings in the range of $1.53 to $1.61 per share.

The Company offered net profit margin of 2.60% while its gross profit margin was 68.60%. ROE was recorded as 157.30% while beta factor was 0.29. The stock, as of recent close, has shown the weekly downbeat performance of -5.90% which was maintained at 10.45% in this year.

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